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uk rare undated 20p
shayne
Posts: 3
i've been lucky and manage to find a rare 2008 undated 20p, in some spare change,,This coin was released in error by Royal Mint and is the first coin in 300 years to enter circulation without a date printed on both sides!!
This coin is described as "INCREDIBLY RARE" by Royal Mint themselves as there are only a very limited amount of coins like this in circulation as most were intercepted by banks and post offices on instruction by Royal Mint, so more rare than originally first thought!!
only problem now is i don't know what to do with it????
This coin is described as "INCREDIBLY RARE" by Royal Mint themselves as there are only a very limited amount of coins like this in circulation as most were intercepted by banks and post offices on instruction by Royal Mint, so more rare than originally first thought!!
only problem now is i don't know what to do with it????
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Are you sure it was the Royal Mint who described the coin as incredibly rare? It sounds most unlike them. Most of the press releases I have seen have come from a company calling itself, confusingly, the London Mint Office. It is not connected with the Royal Mint.
BBC Report on Faulty 20 Pence Coin
With 50,000 to 200,000 of these in circulation it is not remotely rare. Once the hype has settled down, I would expect the coin to sell for £30 or so. Someone who specializes in error coins would be able to give a more authoritative estimate.
Cynically, I might suggest that the thing to do is to sell the coin on eB*y while there are still people who will pay several times this for such a coin.
Later,
John
They are much like 1951 pennies - only 120,000 were minted, but I can find BU condition for sale at any given time, whether in B&M stores or online. They are worth £30-£40 today in UNC. In my two old price guides, both published in 1968, the same coin catalogued at £10 in one and £15 in the other. Bottom line - no real appreciation in over 40 years. Compare this to the 1908 shilling, which catalogued at only £10-11 in UNC in 1968. It's now worth more than £200!!!
As I have said before, my hat is off to anyone who finds and sells one for £100-£300 right now. Unfortunately, those who are buying will find out to their regret that their investment is apt to tank after the furor has died down - and it will die down.
<< <i>only problem now is i don't know what to do with it???? >>
Well, you could share some pictures with us!
Well, here's my take on them: because the Royal Mint is paying 250 times their face value for each, most of them will end up returned to the Mint, don't forget that regular folks have no idea about ebay etc, and the £50 is a very generous and well publicised reward from the Mint, with a lot of full or half page newspaper ads in British tabloids. I saw and kept one of them, (ad, not coin) when I was on holidays in a remote Greek island a few weeks ago, so imagine what happens in England...
The mintage is said to be 10000-50000. So, assuming that 90% of these will get returned within the next year - 18 months, the few ones that won't, will normally be valued at well above £50, perhaps not £350 as they sell now, but more than £50 IMO. Provided that they will still be in mint state that is, in which case it would have been preferrable that the coin of this thread had been placed in a 2x2 instead of resting on the owner's finger (because even the cleanest fingers in the world contain natural oils that alter the surface of the coin).
Regardless, it would be cool to own one of them, especially if found in change. Mechanical sealed rolls would be a good place to start looking.
myEbay
DPOTD 3
So the £50 reward is a hoax and a lame attempt to advertise? It can't be possible that the Royal Mint is not involved. Are you 100% sure?
I accidentally typed 100$ instead of 100% sure, I'm obsessed with this story.
myEbay
DPOTD 3
http://www.londonmintoffice.org/shop/action/magazine/16849/Undated-20p-Quest.html
World Coin & PM Collector
My Coin Info Pages <> My All Experts Profile
<< <i>That's the second 20p video I've seen where the seller puts his grubby finger- and thumbprints all over the coin! Blimey!!! >>
That seems to be a centuries-old SOP for Brit dealers/collectors.
Maybe it's a quirk in their gene pool, eh?
Well, just Love coins, period.
I got fed up of not being able to find one of these in change, i've been looking since January, I still am looking. Thankfully i had the good sense at the time to buy one from ebay just in case back in February for about £35 or there abouts. At the time i was kicking myself, if i had bought one a week earlier i could have had one for £16! But as it turns out seeing the amount they're going for now, i'm annoyed i didn't buy two or three for £35! ;-)
It has also been great advertising for them which can't be bad.